The Relationship between Renewable Energy Production and Economic Growth: A Short-Term and Long-Term Analysis in the Case of Uzbekistan

Authors

  • Gofur Halmuratov Czech University of Life Sciences, Prague, Czech Republic
  • Kamoliddin Rustamov Tashkent State Transport University, Tashkent, Uzbekistan
  • T. Khankelov Tashkent State Transport University, Tashkent, Uzbekistan
  • Xolilla Xolmuratov Urgench State University, 220100, Khamid Olimjon 14, Urgench, Uzbekistan
  • Sherzod Khudainazarov Tashkent Institute of Irrigation and Agricultural Mechanization Engineers, National Research University, Tashkent, Uzbekistan
  • Talibjan Sabirjanov Tashkent State Transport University, Tashkent, Uzbekistan
  • Fozil Xolmurotov Mamun University, 220900, Qibla Tozabog, Khiva, Uzbekistan

DOI:

https://doi.org/10.32479/ijeep.18609

Keywords:

Economic Growth, Renewable Energy, ARDL, Sustainable Development, Greenhouse Gas Emissions

Abstract

In this study, the relationships between Uzbekistan's economic growth, renewable energy use, rural electricity use, and greenhouse gas emissions were investigated using an ARDL model based on data from 2000 to 2022. The long-term results showed that renewable energy production had a significant positive impact on economic growth (coefficient: 0.608, P<0.01), while greenhouse gas emissions had no significant impact (coefficient: -0.00004, P>0.05). However, rural electricity use had a negative impact on economic growth (coefficient: -6.815, P<0.01). The short-term analysis shows that renewable energy production has a rapid and significant positive impact on economic growth (coefficient: 0.0001, P<0.05). In addition, the previous period's economic growth rate (coefficient: 0.643, P<0.05) and greenhouse gas emissions (coefficient: 0.0001, P<0.05) have a positive impact on economic growth in the short term.

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Published

2025-04-21

How to Cite

Halmuratov, G., Rustamov, K., Khankelov, T., Xolmuratov, X., Khudainazarov, S., Sabirjanov, T., & Xolmurotov, F. (2025). The Relationship between Renewable Energy Production and Economic Growth: A Short-Term and Long-Term Analysis in the Case of Uzbekistan. International Journal of Energy Economics and Policy, 15(3), 567–575. https://doi.org/10.32479/ijeep.18609

Issue

Vol. 15 No. 3 (2025)

Section

Articles

License

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